Elementary school teachers in Italy are paid less than half what their counterparts are paid in Germany. @StatistaCharts via @SoberLook pic.twitter.com/1iFVpMrLuX— Adam Tooze (@adam_tooze) 2019年10月1日
これはなんかこわいねええ。米国では建国以来財政黒字が過去７回。その７回のあとはこんな状況になりました。なお備考欄の恐慌は全てウィキペディアなどでご確認いただけます。 pic.twitter.com/6kCl29fk0u— シェイブテイル (@shavetail) 2019年8月17日
核武装を示唆したら良いです。サウジアラビアはそうやって対イラン交渉に米国を巻き込んでいます。トランプに北朝鮮との融和政策を取られて舐められているのは、日本側の覚悟が不足しているからです。 https://t.co/0jPklBBthK— ワタセユウヤ (@yuyawatase) 2019年10月2日
Hours After Agreeing to Resume Talks, North Korea Launches Projectile
The developments came amid warnings from President Trump’s former national security adviser that the North has no intention of eliminating its nuclear weapons program.北が弾道ミサイル２発、１発は島根沖のＥＥＺ落下か
Wednesday’s test was the first time a North Korean projectile landed in Japanese waters in nearly two years, evoking memories of a time when the public was awakened to alarms warning of potential missile landings in Japanese territory
"Now we can buy anything and everything is different." - Elderly Beijingers recall China more than 70 years ago, when a week's wages could only get you 1kg of noodles. https://t.co/7gaaTWknhc pic.twitter.com/xDErH0uM5X
— SCMP News (@SCMPNews) 2019年10月1日
Just what was China liberated from in 1949? It wasn’t the Japanese, defeated four years earlier by the Allies, including the Nationalists and their leader, Chiang Kai-shek. It wasn’t colonialism—all the foreign concessions in the country had been dissolved, some as early as 1929. The Republic of China was a sovereign state and a permanent member of the U.N. Security Council.
Nor was it tyranny. In 1912, when China became Asia’s first republic, it had an electorate of 40 million people, or 10 percent of the population, a level of popular representation not reached by Japan until 1928 and India until 1935. Participatory politics, despite many setbacks, continued to thrive over the following decades. When the National Assembly met in May 1948, upwards of 1,400 delegates from all parts of China adopted a constitution that contained an elaborate bill of rights.
By the time Mao died in 1976, living standards for the population were lower than in 1949.
After the chaos of the Cultural Revolution, the party became more determined than ever not to give up its monopoly on power. The separation of powers was explicitly ruled out by Deng, including the idea of free elections.
Yu Ying-shih, the famed China historian, once told me the Soviet Union lasted 70 years, "the life span of the revolutionary generation." Minxin Pei of Claremont McKenna College notes Mexico's Institutional Revolutionary Party remained in power 71 years and the Nationalist Party held on for 73 years in Taiwan.米国からも締め付けられて、中国は経済的に停滞、しかも、習近平は毛沢東流の独裁政治を目指すから、大躍進政策や文化革命に匹敵するような悲劇がまちうけているかもしれない。香港も収集がつかなくなっていている。 ソ連は７０年しか続かなかった。メキシコの革命政権は７１年、台湾の国民党は７３年。革命世代の寿命というのはそんなものではないか、と。
“You’re going to completely disincentivize capital investment, which is going to be very, very bad for economic growth,” Treasury Secretary Steven Mnuchin said in an interview in September. “Taxing capital is not a good thing for creating economic growth, and if anything we should be looking at how we create more incentives for economic growth.”
Emmanuel Saez and Gabriel Zucman, the two University of California, Berkeley, economists who helped Ms. Warren and Mr. Sanders develop their plans, project that Ms. Warren’s proposal would hit about 70,000 households and generate $2.6 trillion in revenue for the federal government over a decade. They project that Mr. Sanders’s proposal would apply to 180,000 households and raise $4.35 trillion over 10 years.
Mr. Zucman said in an interview that he believes a wealth tax would have a modest but positive impact on growth. By reducing the power of the wealthiest, he argued, it would make markets more competitive and spur innovation.
Mr. Mankiw, the former head of President George W. Bush’s Council of Economic Advisers, offered a searing critique, arguing that a wealth tax would skew incentives that could alter when the superrich make investments, how they give to charity and even potentially spur a wave of divorces for tax purposes. He also noted that billionaires, with their legions of lawyers and accountants, have proven to be experts at gaming the system to avoid even the most onerous taxes.
Left-leaning economists have expressed their own doubts about a wealth tax. Earlier this year, Lawrence Summers, who was President Bill Clinton’s Treasury secretary, warned in an article with Natasha Sarin, a law professor at the University of Pennsylvania, that wealth taxes would sap innovation by putting new burdens on entrepreneurial businesses while they are starting up. In their view, a country with more millionaires is a sign of economic vibrancy.
“Turning the tax code into a vehicle for confronting what some call ‘oligarchic drift’ would undermine business confidence, reduce investment, degrade economic efficiency and punish success in ways unlikely to be good for the country or even to be appealing to most Americans,” they wrote.
